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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues        
Total operating revenues $ 5,394 $ 5,465 $ 16,310 $ 15,396
Operating Expenses        
Operating and maintenance 2,250 2,795 7,651 7,714
SB 901 securitization charges, net 0 0 40 0
Wildfire-related claims, net of recoveries 9 94 153 261
Wildfire Fund expense 118 162 353 399
Depreciation, amortization, and decommissioning 1,002 801 2,915 2,540
Total operating expenses 4,668 5,161 14,603 14,154
Operating Income 726 304 1,707 1,242
Interest income 43 0 70 17
Interest expense (525) (399) (1,355) (1,205)
Other income, net 118 132 246 387
Reorganization items, net 0 0 0 (11)
Income Before Income Taxes 362 37 668 430
Income tax provision (benefit) (97) 1,125 (629) 994
Net Income (Loss) 459 (1,088) 1,297 (564)
Preferred stock dividend requirement of subsidiary 3 3 10 10
Income (Loss) Attributable to Common Shareholders $ 456 $ (1,091) $ 1,287 $ (574)
Weighted Average Common Shares Outstanding, Basic (in shares) 1,987 1,985 1,987 1,985
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,132 1,985 2,132 1,985
Net Income (Loss) Per Common Share, Basic (in dollars per share) $ 0.23 $ (0.55) $ 0.65 $ (0.29)
Net Income (Loss) Per Common Share, Diluted (in dollars per share) $ 0.21 $ (0.55) $ 0.60 $ (0.29)
Electric        
Operating Revenues        
Total operating revenues $ 3,895 $ 4,181 $ 11,743 $ 11,527
Operating Expenses        
Cost of electricity and natural gas 1,032 1,133 2,314 2,570
Natural gas        
Operating Revenues        
Total operating revenues 1,499 1,284 4,567 3,869
Operating Expenses        
Cost of electricity and natural gas $ 257 $ 176 $ 1,177 $ 670